2015

About Me
bankruptcy and the recovery after

Credit issues can arise more quickly than you might ever think. Within two years, my credit went from outstanding to outrageous and it all happened quickly. One day, I went into work like I normally did to find out that the plant was closing down and that many of the employees were let go immediately. I had no way to pay the bills that I owed each month. My only option after months of searching for work was to file for bankruptcy. This blog will tell you about the bankruptcy process and how to recover after it is all said and done.

Archive

Filed A Claim For SSI Benefits & Considering Filing For Bankruptcy, Too? Here’s What You Need To Know

30 October 2015
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If you have filed a claim for SSI disability payments from the Social Security Administration and are struggling to pay your debt, you may be considering filing for bankruptcy. One thing that could make you apprehensive is the thought that when your disability income is approved it will be used to pay for your debt. Don't be concerned. There are a few things you can do to protect your SSI disability payments in a bankruptcy. Read More …

Chapter 7 Bankruptcy And Pension Benefits: What You Need To Know About Exemptions

9 October 2015
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Before you file for chapter 7 bankruptcy, it's important to understand what could happen to your assets. While a chapter 7 bankruptcy is sometimes an effective way to write off uncontrollable debt, you may regret your decision to proceed in this way if the action damages your long-term retirement plans. Find out if a chapter 7 bankruptcy action could affect your pension, and learn more about the exemptions you can apply for to protect these financial assets. Read More …

5 Reasons Why A Court May Deny Your Chapter 7 Bankruptcy Discharge

21 September 2015
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When you file for a chapter 7 bankruptcy, any interested party can challenge the discharge, but only a judge can deny your application. While a court may sometimes deny a request to include certain debts (like student loans) in a discharge application, it's also possible for a judge to completely deny your request. While these denials are generally rare, it's important to understand why this situation occurs. Learn more about five specific scenarios here. Read More …

How To Avoid Getting Trapped In Payday Loan Debt

30 June 2015
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It's no secret that many people are living paycheck to paycheck. A survey conducted to determine how prepared people are to deal with financial emergencies found that 27 percent of those interviewed had no money in savings and 50 percent only had enough savings to cover less than three months of expenses. While it's okay to turn to payday loans to help you out of a financial bind, use the following tips to ensure you don't get in over your head when borrowing money. Read More …